Oceanfreight Inc
OceanFreight Inc. Announces Date for the Release of Third Quarter Results
OceanFreight Inc. (NASDAQ: OCNF), a NASDAQ listed bulk shipping company announced that it will release its results for the third quarter period ended September 30, 2007 after the close of the market in New York on Wednesday, October 24, 2007. The declaration of the Company’s dividend for the third quarter of 2007 will also be announced at that time. On Thursday, October 25, 2007 at 8:00 A.M. EDT, the Company’s management will host a conference call to discuss the results.
DryShips and OceanFreight Complete Merger
DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced today that following approval by OceanFreight's shareholders at a special meeting, the companies have completed the merger and OceanFreight has become a wholly-owned subsidiary of DryShips. Under the terms of the merger agreement, OceanFreight shareholders will be entitled to receive $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc
Gilman Named DMT Chairman of the Board
Deep Marine Technology, Inc. announced the election of Bruce C. Gilman to Chairman of the Board. A businessman with CEO level management expertise, Gilman’s four decade Subsea Career is highlighted with professional accomplishments such as President of both Perry Offshore & Oceaneering International Inc.; President and Founder of Sonat Subsea Services; President, CEO & Director of Sonsub Inc., and Chairman and President of Saipem Inc., the US Subsidiary of Saipem SpA.
Woodland Support Cycling Submariners
Woodland International Transport got on its bike to sponsor a team of engineering undergraduates by shipping their pedal-powered submarine to and from the United States. Inspired by penguins' swimming technique, the University of Bath students created a submarine called the SeaBomb, powered by a pilot who pedals on a machine similar to an exercise bike. Woodland shipped the vessel to the USA where it participated in the 9th International Submarine Races
OSMA Elects New Officers
The Offshore Marine Service Association (OMSA) has elected Andy Brauninger, president of Seabulk Offshore, Ltd., as chairman of the board and Milton Rose, president of SEACOR Marine, Inc., has been elected vice-chairman of the association. OMSA’s new secretary/treasurer is Minor Cheramie, Jr., president of L&M Botruc Rentals, Inc. Also elected to the OMSA board of directors are: Van C. De Witt, vice-president and COO of Sea Mar Management, Inc
OceanFreight Inc. New Charter
OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services for both drybulk and energy commodities, announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel will be renamed M/V Montecristo and will commence employment on a time charter for a minimum period of four years at a gross rate of $23,500 per day and a maximum of eight years at an average gross rate of $24,125 per day for the optional period.
Keppel Philippines Appoints New Execs.
Keppel Corporation Ltd.'s Group Finance Director, Teo Soon Hoe has been appointed Chairman of Keppel Philippines Holdings, Inc (KPH), following the retirement of Loh Wing Siew. Charles Foo, who currently serves as the managing director of Keppel Hitachi Zosen, will assume Loh's post as Chairman of Keppel Philippines Marine, Inc (KPMI) and Subic Shipyard and Engineering Inc (SSEI). Kevin Wong, who is the executive director and managing director of Keppel Land Limited (Keppel Land) in
TOP Ships Charter Developments
TOP Ships Inc.(NASDAQ: TOPS) announced that it has received from the bareboat charterer of the M/T’s Ionian Wave and “Tyrrhenian Wave, a reduced charterhire rate of $10,000 per day, rather than the $14,300 per day on a bareboat basis that is set forth in the charter agreement. As a result, TOP Ships Inc. believes that such charterer is in breach of the charter. TOP Ships Inc. is examining this unilateral reduction and intends to take all necessary steps to recover the amounts owed
Globalstar Relocates to Louisiana
Gov. Bobby Jindal joined Globalstar Inc. CEO Peter Dalton, Globalstar Inc. Chairman Jay Monroe, Louisiana Economic Development Secretary Stephen Moret, St. Tammany Parish President Kevin Davis and Greater New Orleans Inc. President and CEO Michael Hecht to announce Globalstar will relocate its corporate headquarters to Covington, La., from Milpitas, Calif. Additionally, Globalstar will relocate a variety of other global business functions to Covington, including product development, finance
Lloyd's Register New Regional HQ, Houston
Lloyd’s Register Americas, Inc. has moved its Houston-area operations to a new regional headquarters to capitalise on the growing opportunities arising from the new regulatory regime in the Gulf, a thriving merchant marine business and concerns about global warming. The move, which has consolidated five separate businesses under one roof, responded to greater market demand for integrated technical solutions in the increasingly interdependent and complex marine and energy sectors
Metron Get Navy R&D LDUUV Contract
The Department of Defense award Metron Inc. a contract for development of a large displacement unmanned undersea vehicle (LDUUV). Metron, Inc., of Reston, Va.,is being awarded a $7,287,619 cost-plus-fixed-fee contract to include in-lab integration and testing of autonomy and mission
China Development Bank Grants Paragon Credit Facility
Greece's Paragon Shipping Inc. obtains a $69-million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction. The two container ships on order are expected to be delivered in the second quarter of 2014
Odyssey to Open “SHIPWRECK!” Exhibit in Times Square
Odyssey Marine Exploration, Inc., will ring the Opening Bell at the NASDAQ MarketSite in New York on Thursday, May 23, 2013, at 9:30 a.m. to celebrate the grand opening of Odyssey's “SHIPWRECK!” exhibit at Discovery Times Square on Friday, May 24
MOL (Canada) Inc. to Serve Canadian Liner Market
Effective August 1, 2013, Mitsui O.S.K. Lines, Ltd. will begin operating in Canada as MOL (Canada) Inc. MOL (America) Inc. and Montship, Inc. today jointly announced that their liner agent agreement will expire on July 31, 2013. Montship has successfully represented MOL’s Canadian liner
ShockTimer-Plus 3Dv2 Shock Recorder
IST introduced its new Shock-Timer-Plus 3D version 2 (STP-3Dv2) low cost tri-axial shock, temperature and humidity recorder. The reusable battery powered instrument captures tri-axial shocks above user selected threshold with date/time stamping along with time periodic temperature and humidity
Deepwater Heavy Lift Crane Orders for Cargotec
Cargotec's MacGregor contracted by Hornbeck Offshore Services Inc. to deliver 4 AHC cranes for 4 multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015, and the value of the order is EUR 37-million for the four 250-tonne active
MacGregor Receives €37 Million Order from Hornbeck
Cargotec's MacGregor has received €37 million order from Hornbeck Offshore Services Inc. to deliver four 250-ton active heave-compensated (AHC) subsea cranes for four multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015
Port of Stockton Selects Tideworks TOS
Tideworks Technology, Inc., a provider of full-service terminal management and planning software solutions, announced that California’s Port of Stockton will deploy Tideworks Technology’s terminal operating system (TOS) to manage its container-on-barge operation and improve overall
Gulfstream Services: Billy Marcel Promoted
Gulfstream Services, Inc. (GSI) names Billy Marcel as Manager of Global Operations – Decommissioning Services Division. US-based Gulfstream Services, Inc. is a global corporation focused on developing high pressure equipment solutions for the international oil and gas industry
Conrad Industries Report Smooth Sailing in Q1 2013
US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3
E.N. Bisso Selects MarineCFO Software
MarineCFO, a provider of software solutions to the marine transportation industry and a division of Verticalive Inc., announced that E.N. Bisso & Son, Inc., has chosen to implement the full MarineCFO Enterprise software suite, including personnel, pperations, maintenance, and vessel live.
DRS Contracted to Continue USCG Maintenance
DRS Technologies, Inc. announced it has been awarded a contract by the U.S. Coast Guard (USCG) to continue its maintenance, repair and overhaul work at the U.S. Coast Guard Aviation Logistics Center in Elizabeth City, North Carolina. Under the contract
VT Halter Marine’s Dry Dock Arrives in Pascagoula
VT Halter Marine Inc, a subsidiary of VT Systems Inc., announced the arrival of a 12,000 MT Floating Dry Dock transported by a heavy lift vessel from the Philippines. The dock dimensions are LOA- 546 FT x B 128.5 FT x D 46 FT. The dry dock is part of an overall expansion plan to the south yard in
Wison Designated MSCI China Indices Constituent
Wison Engineering Services Co. Ltd., the private sector chemical engineering, procurement and construction management (EPC) service provider, announced that it was designated a constituent of the MSCI Global Small Cap Indices, effective after the close of business on May 31, 2013
GofM Subsea Equipment Order for FMC
FMC Technologies receives subsea equipment order for ExxonMobil's Julia Development field. The Julia field is located in the Gulf of Mexico Walker Ridge area in approximately 7,000 feet (2,100 meter) water depth. FMC Technologies' scope of supply includes six subsea trees